Thursday, August 19, 2010

Are Destin Condo Sales Recovering From Oil Spill?

The Deepwater Horizon Oil Spill was on April 20. One can see the corresponding number of Destin Florida condo sales dropped in May through July.
In April there was a year-high of 80 Destin condo sales.
In July there were only 27 Destin condo sales.
The good news is the oil leak correction is well under way. The Destin Florida condo market is showing a positive response, with 66 new units under contract in July.
It will be interesting to watch the bounce in Destin condo sales, as the permanent oil well-fix is in sight.